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The U.S. Transportation Department’s Freight Transportation Services Index, which is based on the amount of freight carried by the for-hire transportation industry, rose 0.6% in August from July, rising for the second consecutive month.
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SAN DIEGO -- American Trucking Associations Chief Economist Bob Costello discussed the current freight levels, highlighting the fact that the ATA truck tonnage index hit a record high in August, before posing questions to this year's economic panel.
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Both the trucking industry and the overall economy added jobs in September, pushing the unemployment rate down below 6% for the first time since July 2008 and hitting its lowest level in six years.
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The latest reading on the U.S. economy shows consumers have a dimmer view this month, according to one private research group.
Read More →Personal spending in the U.S. increased 0.5% in August from the month before, according to a new Commerce Department report. However, the pace may be slower than it should be to support the continued pace of manufacturing, says one analyst.
Read More →This revision to the gross domestic product shows the economy rebounded at its fastest pace in two and a half years and compares to a decline in the first quarter at an annual rate of 2.1%.
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New U.S. Transportation Department figures show it totaled $101.1 billion, with increases in all five major transportation modes: air, vessel, pipeline, rail, and trucks. This is the fifth consecutive month with U.S.-NAFTA freight flows exceeding $100 billion.
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Shipments of manufactured durable goods fell 1.5% from July following a 3.7% increase in July from June. An overall decline of this amount was expected, according to a poll of economists.
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Truckload linehaul rates for North America maintained their ongoing climb in August, with the Cass Truckload Linehaul Index gaining a solid 7% over August 2013.
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Sales of new single-family homes in the U.S. are booming with it hitting its highest level in six years during August and posting the second straight monthly gain.
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